Greece: Economic sentiment picks up in March
Latest reading: Economic sentiment came in at 107.7 in March, up from February’s 106.9. Consequently, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected stronger sentiment in the industrial and construction sectors. Meanwhile, confidence in the services sector was unchanged in March. Lastly, sentiment in the retail sector and consumer confidence cooled in the surveyed month.
Considering indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index rose in March.